Walleye Capital LLC Cuts Stock Position in Semrush Holdings, Inc. (NASDAQ:SEMR)

Walleye Capital LLC trimmed its holdings in Semrush Holdings, Inc. (NASDAQ:SEMR) by 40.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,602 shares of the company’s stock after selling 19,081 shares during the period. Walleye Capital LLC’s holdings in Semrush were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SEMR. FMR LLC lifted its holdings in Semrush by 19.4% in the 3rd quarter. FMR LLC now owns 2,876,365 shares of the company’s stock worth $45,188,000 after purchasing an additional 467,517 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Semrush by 69.5% in the second quarter. Dimensional Fund Advisors LP now owns 532,702 shares of the company’s stock worth $7,132,000 after buying an additional 218,488 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Semrush by 12.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 301,405 shares of the company’s stock worth $4,735,000 after acquiring an additional 33,950 shares during the last quarter. Federated Hermes Inc. grew its stake in Semrush by 385.0% during the second quarter. Federated Hermes Inc. now owns 297,311 shares of the company’s stock valued at $3,981,000 after acquiring an additional 236,010 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Semrush by 126.5% in the 2nd quarter. Millennium Management LLC now owns 294,374 shares of the company’s stock valued at $3,942,000 after acquiring an additional 164,395 shares during the last quarter. Institutional investors own 32.86% of the company’s stock.

Insider Buying and Selling

In other Semrush news, CMO Andrew Warden sold 3,953 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $14.73, for a total value of $58,227.69. Following the completion of the sale, the chief marketing officer now owns 257,364 shares of the company’s stock, valued at $3,790,971.72. This trade represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Mulroy sold 4,207 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $13.12, for a total value of $55,195.84. Following the transaction, the chief financial officer now directly owns 433,211 shares in the company, valued at approximately $5,683,728.32. This represents a 0.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 154,112 shares of company stock worth $2,179,734 over the last three months. 57.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SEMR shares. KeyCorp raised their price objective on Semrush from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on Semrush from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group increased their target price on Semrush from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Semrush in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Semrush currently has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Semrush Stock Performance

Shares of Semrush stock opened at $14.13 on Monday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 176.65 and a beta of 1.59. The stock has a 50 day moving average price of $13.67 and a 200-day moving average price of $13.94. Semrush Holdings, Inc. has a one year low of $9.64 and a one year high of $16.42.

About Semrush

Semrush Holdings, Inc develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally. The company enables companies to identify and reach the right audience for their content through the right channels. Its platform enables the company's customers to understand trends and act upon insights to enhance the online visibility, and drive traffic to their websites and social media pages, as well as online listings, distribute targeted content to their customers, and measure the digital marketing campaigns.